United Arab Emirates: Market for Iron Or Steel Anchors, Grapnels 2025

Market Size for Iron Or Steel Anchors, Grapnels in the United Arab Emirates

The metal anchors and grapnels market in the United Arab Emirates shrank to $X in 2022, reducing by -8.3% against the previous year. In general, consumption, however, enjoyed a modest expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Iron Or Steel Anchors, Grapnels in the United Arab Emirates

In value terms, metal anchors and grapnels production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a sharp slump. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports from the United Arab Emirates

In 2022, overseas shipments of iron or steel anchors, grapnels decreased by -6.8% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 237%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, metal anchors and grapnels exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 133%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), the Netherlands (X units) and India (X units) were the main destinations of metal anchors and grapnels exports from the United Arab Emirates, together comprising 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +120.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for iron or steel anchors, grapnels exports from the United Arab Emirates, comprising 62% of total exports. The second position in the ranking was held by India ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +72.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+33.4% per year) and the Netherlands (+101.0% per year).

Export Prices by Country

The average metal anchors and grapnels export price stood at $X per unit in 2022, growing by 95% against the previous year. Over the period under review, the export price enjoyed a notable expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Anchors, Grapnels

Imports into the United Arab Emirates

In 2022, after two years of growth, there was significant decline in overseas purchases of iron or steel anchors, grapnels, when their volume decreased by -10.8% to X units. In general, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 637% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, metal anchors and grapnels imports reached $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 177%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest metal anchors and grapnels supplier to the United Arab Emirates, accounting for a 81% share of total imports. Moreover, metal anchors and grapnels imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.7% per year) and the UK (+4.7% per year).

In value terms, China ($X), India ($X) and the UK ($X) were the largest metal anchors and grapnels suppliers to the United Arab Emirates, together accounting for 96% of total imports.

India, with a CAGR of +17.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal anchors and grapnels import price stood at $X per unit in 2022, surging by 14% against the previous year. In general, the import price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 78% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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